What is a U.S. person for tax reporting purposes?
A U.S. person generally includes the following:
- A U.S. citizen or resident individual, including U.S. citizens living outside the U.S. or U.S. citizens and residents operating a business outside the U.S. (This includes green card holders.)
- A corporation or partnership organized in the U.S. or under the laws of the U.S or any state thereof, including where the entity is operating a business outside the U.S.
- A trust if (i) a court within the U.S. would have authority under applicable law to render orders or judgments concerning substantially all issues regarding administration of the trust, and (ii) one or more U.S. persons have the authority to control all substantial decisions of the trust, or an estate of a decendent that is a citizen or resident of the U.S.
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What is FATCA?FATCA is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by U.S. persons (individuals or entities) that fail to report income related to non-US accounts. FATCA requires some of PayPals non-US subsidiaries to collect information from their account holders Who is impacted by FATCA?FATCA impacts holders of accounts that are outside the United States. It requires PayPal to collect tax documents or certifications from account holders stating whether or not they are U.S. persons. This includes, but is not limited to, business entities, and some individuals that open accounts outside the What FATCA documentation does PayPal collect and how do I provide it?The information that must be collected may include, but is not limited to, the account holders address and US TIN (if a US person) or other TIN (Tax information number). A business entity can be required to provide: Its country of incorporation, Its business type or classification under What is the XML Reporting API?Reporting overview The Reporting API is an API that you can use to automate your report queries. It enables you to programmatically query the reporting database in XML. PayPal Manager is also a client of the Reporting API. Everything that Manager can do with reports is available to What happens if I don't provide the FATCA information PayPal requests?If you are a new account holder, you will be required to complete the certification requested by PayPal to comply with FATCA within 90 days of opening your account. If you dont complete it within 90 days, you will no longer be able to send money from or What is spoofing and how do I report it?Spoofing or phishing is a type of fraud where an attempt is made to steal your personal details. An attempt is made to steal sensitive personal information, like your passwords and credit card or bank account numbers. This type of fraud is often done through a fraudulent email What does FATCA require PayPal to report?If PayPal determines that an account is reportable under FATCA (based on its analysis of account holder information), PayPal must either report information to the local tax authority, the account or to the IRS if the applicable account balance has reached a certain threshold. The reportable information generally What reporting options are available for PayPal for Marketplaces?Important: PayPal for Marketplaces is a limited-release solution at this time. It is available to select partners for approved use cases. For more information, reach out to your PayPal account manager or contact a PayPal Partner Expert. PayPal for Marketplaces provides three reports to help manage day-to-day operations Money Pools Overview and Frequently Asked QuestionsPayPal Pools overview Pools are an easy and fast way to collect money with friends. Whether you need to raise money for a holiday, a group gift, or for regular shared expenses, just create a pool and share it with your friends and family. Please note that you What is One Touch and how do I use it?What is One TouchTM? One TouchTM allows you to complete purchases faster while still keeping your financial information secure. When you log into PayPal, with your mobile phone or from a desktop, tablet or laptop you can choose to stay logged-in for easier, faster checkout across all eligible Contributing to a PoolHow do I contribute to a Pool? Contributing to a Pool is easy. Just click Contribute on the Pool page. Your contribution will be sent in the default currency of the organizer. Read more details about international payments. Your contribution, name and picture (if applicable) will be added Where can I find PayPal Reporting information?PayPals payment solutions have variousreports and search tools available to help you with payment reconciliation, forecasting, and order tracking. For a list of available reports and their descriptions and report specifications, see our Reporting page.How do I access the SFTP server and retrieve my reports?This page provides examples for retrieving SFTP report files using WinSCP and a Linux command line. WinSCP is a free SFTP client for Windows. PayPal doesnt endorse or recommend WinSCP; its just one of the more popular SFTP clients for Windows and is used for this example. SFTP Why didn't I get reports on my PayPal account activity?Issue PayPal hasnt generated reports on your accounts activity. Cause System issues at PayPal can delay or prevent report delivery. Solution PayPal generates reports and puts them on the PayPal website or the Secure FTP Server generally by 12:00 P.M. daily, in the leading time zone of the What's PayPal.Me?Whats PayPal.Me? PayPal.Me is a faster, easier way to get paid through PayPal. Just share your very own PayPal.Me link (for example: paypal.me/YourName) with your friends and family, and they can send you money for lunch, chip in for a group gift, or any other reason they need Why are my PayPal reports missing transactions, or why don't they reconcile?Issue Data is missing from your PayPal reports. Cause System issues at PayPal can compromise the completeness of your report data. Solution If your PayPal reports are missing transactions or dont reconcile, visit PayPal Statusto check for known system or reporting issues. If there are no known reporting Why did I get an unrecognizable format error when opening Excel reports?Issue PayPal returned an unrecognizable format error when you tried to open daily generated reports in Excel. Cause This issue occurs due to the way these types of report files are encoded (UTF-8). Newer versions (Excel 2003 or later) may not have this issue. Solution Heres how to Should I report my problem in the eBay or the PayPal Resolution Centre?PayPal and eBay both have arbitration processes in place so you can report and resolve problems with purchases. If you paid for an eBay item with PayPal, you can report your problem to PayPal, or to eBay. If you didnt pay with PayPal, you should report your problem How do I report unauthorised use of my PayPal account?If you notice a transaction that you didnt authorise, report it right away: Go to yourResolution Center. (This link may ask you to log in) Click Report a Problem. Use the filters to find the transaction or select it if it appears right away. Click Continue. Select Unauthorized
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